Dominican Republic Real Estate FAQ: Everything You Need to Know
Can foreigners invest in the Dominican Republic?
Yes! The buying process is the same for foreigners and Dominicans. No matter your citizenship status, you can legally own property in the Dominican Republic.
How to buy a property in the Dominican Republic?
The process is straightforward:
- Choose a property.
- Sign a purchase agreement.
- Hire a lawyer for due diligence.
- Transfer funds and close.
Foreigners have no restrictions on ownership, making the DR one of the most welcoming markets in the Caribbean.
What are the additional costs in a real estate transaction?
Expect about 4% of the purchase price in closing costs:
- 1% lawyer’s fees - our recommended lawyer Guido Perdomo
- 3% government taxes & title transfer fees
Can you receive quality healthcare in the Dominican Republic?
Yes. The DR offers affordable and reliable healthcare:
- A general doctor visit costs under $25 USD (without insurance).
- A top-tier insurance plan is about $400 USD per year.
Are there annual property taxes in the DR?
Yes. The annual property tax is 1% of the appraised value above $165,000 USD.Example: If your property is valued at $200,000, you’ll pay tax only on the $35,000 difference.
How long can I stay in the Dominican Republic?
Tourist visas last 30 days. If you stay longer, you simply pay a small fee at the airport based on the extra time.
Do I need residency if I own property?
No. Property ownership is independent of residency.However, residency can be beneficial for:
- Long-term stays
- Local banking & tax benefits
- Easier renewals and fewer fees
Why should I use a real estate agent in the Dominican Republic?
A professional agent provides:
- Up-to-date market knowledge
- Guidance through the buying process
- Negotiation skills & representation
- Local expertise you can’t get online
Agents are no longer just “salespeople” — they are your personal guide and advocate when buying or selling a home.
Is it necessary to hire a lawyer when buying property in the DR?
Absolutely. A lawyer is essential to:
- Conduct due diligence
- Verify clear title & ownership
- Draft & review contracts
- Ensure a safe and legal transaction
Are there affordable real estate properties in the Dominican Republic?
Yes! Especially on the north coast (Sosúa, Cabarete, Puerto Plata) where you’ll find:
- Studios starting around $60,000 USD
- Condos under $100,000 USD
- Mid-range villas & apartments ($200K–$400K)
- Luxury beachfront estates in the millions
